Albertsons (Albertsons) Effective Interest Rate on Debt % : 3.02% (As of Feb. 2024)

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What is Albertsons Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Albertsons's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was $437 Mil. Albertsons's average total debt for the quarter that ended in Feb. 2024 was $14,481 Mil. Therefore, Albertsons's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 3.02%.

Albertsons Effective Interest Rate on Debt % Historical Data

The historical data trend for Albertsons's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Albertsons Effective Interest Rate on Debt % Chart

Albertsons Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Effective Interest Rate on Debt %

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5.38

3.66

3.24

3.15

3.37

Albertsons Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.80	4.20	3.05	3.17	3.02

Competitive Comparison of Albertsons's Effective Interest Rate on Debt %

For the Grocery Stores subindustry, Albertsons's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Albertsons's Effective Interest Rate on Debt % Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Albertsons's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Albertsons's Effective Interest Rate on Debt % falls into.

Albertsons Effective Interest Rate on Debt % Calculation

Albertsons's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2023 )	+	Total Debt (A: Feb. 2024 ))	/ count )
=	-1 * -492.4	/	( (14961.1	+	14239.4)	/ 2 )
=	-1 * -492.4	/	14600.25
=	3.37 %

where

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13220.6	+	1740.5
=	14961.1

	Total Debt (A: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13276.6	+	962.8
=	14239.4

Albertsons's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -437.2	/	( (14723	+	14239.4)	/ 2 )
=	-1 * -437.2	/	14481.2
=	3.02 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13311.1	+	1411.9
=	14723

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	13276.6	+	962.8
=	14239.4

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Albertsons (NYSE:ACI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Albertsons Effective Interest Rate on Debt % Related Terms

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Albertsons (Albertsons) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Albertsons Companies Inc (NYSE:ACI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

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27S:Germany 27S:Germany

Address

250 Parkcenter Boulevard, Boise, ID, USA, 83706

Website

https://www.albertsonscompanies.com

Albertsons is the second-largest conventional grocer in America, operating 2,271 stores under 24 banners in 34 states (as of the end of fiscal 2022). Around 75% of stores have pharmacies, while nearly 20% also sell fuel. Albertsons has a significant private-label operation, accounting for around 25% of sales (excluding fuel). While its own brand assortment is mainly manufactured by third parties, Albertsons operates 19 food production plants (as of the end of fiscal 2022). Albertsons is a top two grocer in two thirds of its major markets (as of early 2022, according to company data), and virtually all of its sales come from the United States. Narrow-moat Kroger has offered to acquire Albertsons in a $25 billion deal; if the transaction is approved by regulators, it should close in 2024.

Executives

Thomas M Moriarty	officer: EVP General Counsel & CPO	100 PARSONS POND DRIVE, FRANKLIN LAKES NJ 07417
Robert Bruce Larson	officer: Chief Accounting Officer	3103 S OLD HICKORY, BOISE ID 83712
Klaff Realty Lp	10 percent owner, other: See Remarks	180 N. MICHIGAN AVE, SUITE 300, CHICAGO IL 60601
Mohammad Omer Gajial	officer: EVP, Pharmacy & Health	250 E. PARKCENTER BLVD., BOISE ID 83706
Jubilee Abs Holding Llc	other: See Footnote (2)	4300 E. FIFTH AVE., COLUMBUS OH 43219
Kimco Realty Corp	other: See Remarks	500 NORTH BROADWAY, SUITE 201, JERICHO NY 11753
Susan Morris	officer: See Remarks	ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Evan Rainwater	officer: EVP, Supp Chain&Manufacturing	250 E. PARKCENTER BLVD., BOISE ID 83706
Chris Rupp	officer: See Remarks	ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Anuj Dhanda	officer: See Remarks	ALBERTSONS COMPANIES, INC., 250 PARKCENTER BOULEVARD, BOISE ID 83706
Sharon Mccollam	officer: President & CFO	C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Jennifer Saenz	officer: Chief Marketing Officer	250 E. PARKCENTER BLVD., BOISE ID 83706
Chan Galbato	director	191 E NORTH AVENUE, CAROL STREAM IL 60188
Stone West Mary E	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02861
Shant Babikian	director	C/O HPS INVESTMENT PARTNERS, LLC, 40 WEST 57TH STREET, 33RD FLOO NY 10019